Swiss National Bank Governor: Cryptocurrencies are essentially software

"Cryptocurrencies are essentially software," Martin Schlegel, SNB governor, told local media in an interview, according to Reuters. "We all know that software often has bugs and other weaknesses," but Luzius Meisser, a board member at Bitcoin Suisse, said that as the world moves towards a multipolar order, the dollar and the euro are weakening, and it makes more sense to hold bitcoin because bitcoin is a currency that cannot be inflated by deficit spending.